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 Main Features of Income Tax rates of FY 2012-13 (Part -3)


 Main Features of Income Tax rates of FY 2012-13 (Part -4)


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Rates of income tax for assessment year 2012-13 (FY 2011-12)

Following are the income tax rates for assessment year 2012-13. These will be applicable for all financial transactions done in the financially year 2011-12.

Rates of income tax for assessment year 2012-13

Rates of income tax for assessment year 2012-13 for Resident Senior Citizens above 60 years (FY 2011-12)
Sr. No. Income Range Tax percentage
1 Up to Rs 2,50,000 No tax / exempt
2 2,50,001 to 5,00,000 10%
3 5,00,001 to 8,00,000 20%
4 Above 8,00,000 30%


Income tax rates for assessment year 2012-13 for Resident Senior Citizens above 80 years (FY 2011-12)
Sr. No. Income Range Tax percentage
1 Up to Rs 5,00,000 No tax / exempt
2 5,00,001 to 8,00,000 20%
3 Above 8,00,000 30%


Income tax rates for assessment year 2012-13 for Resident Women (below 60 years) (FY 2011-12)
Sr. No. Income Range Tax percentage
1 Up to Rs 1,90,000 No tax / exempt
2 1,90,001 to 5,00,000 10%
3 5,00,001 to 8,00,000 20%
4 Above 8,00,000 30%


Income tax rates for assessment year 2012-13 Others & Men (FY 2011-12)
Sr. No. Income Range Tax percentage
1 Up to Rs 1,80,000 No tax / exempt
2 1,80,001 to 5,00,000 10%
3 5,00,001 to 8,00,000 20%
4 Above 8,00,000 30%

For normal category Income tax rates for assessment year 2012-13, the simple calculation is as follows
  • Taxable Income in 10% slab (less than Rs 5,00,000) maximum tax will be Rs 32000
  • Taxable Income in 20% slab (less than Rs 8,00,000) maximum tax will be Rs 32000 + Rs 60000 total Rs 92000
  • Taxable Income in 30% slab (above to Rs 8,00,000) minimum tax will be Rs 92000
Education and other cess will be in addition to this as per the income tax rules for assessment year 2012-13
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@ All the Income tax slabs details are collected from different information sources. There may be some difference in actual Tax calculation.

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